IRS Announces 2020 Standard Mileage Reimbursement Rates
Happy New Year!
On Jan 1st 2020, the IRS announced the Standard Mileage Reimbursement rate.
These rates are below:
Business: 57.5 cents per mile (down from 58 cents in 2019)
Charitable: 17 cents per mile (down from 20 cents in 2019)
Moving: 20 cents per mile (currently fixed by congress)
To read the original announcement from the IRS go here: https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2020